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<p>[QUOTE="Vess1, post: 2197534, member: 13650"]I think PMs could perform as a store of wealth for trade. This has been gone over hundreds of times. They would have to work like cash. It might not work at a store if they're still trying to do accounting but it could work between like minded individuals. I mean why not? People will accept worthless printed paper every day as being something valuable to trade for goods. If cash went away it's not that much of a stretch to think PMs could be used in trade at least on a limited basis. </p><p><br /></p><p> It's not that complicated. Anything that's rare and portable, could be used as a monetary item. It could be a car battery, food, sunglasses. But that stuff can't be universally used from person to person because one party may have all the batteries, food and sunglasses they need. The situation by necessity requires a form of value that's portable and universally accepted from party to party. </p><p> Maybe people could still use cash until it wore out? With no new being made, it would all be worn and depleted in a few years of circulation. So even if the cash didn't become instantly worthless, it's life span would be a few years at most.</p><p> People would have to look elsewhere out of necessity. Might go back to a combination of rare gems, PMs, furs, who knows? Modern day coinage could last for a long time for use on smaller transactions. PMs would have a place. As to how much? Why set a limit? How could anyone's opinion carry any weight not knowing how valuable the PM may or may not be. </p><p> I think green said, the only limit may be how much you can carry. Probably a fair assessment. There's no reason to think you couldn't trade for or earn more back after a situation arises.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 2197534, member: 13650"]I think PMs could perform as a store of wealth for trade. This has been gone over hundreds of times. They would have to work like cash. It might not work at a store if they're still trying to do accounting but it could work between like minded individuals. I mean why not? People will accept worthless printed paper every day as being something valuable to trade for goods. If cash went away it's not that much of a stretch to think PMs could be used in trade at least on a limited basis. It's not that complicated. Anything that's rare and portable, could be used as a monetary item. It could be a car battery, food, sunglasses. But that stuff can't be universally used from person to person because one party may have all the batteries, food and sunglasses they need. The situation by necessity requires a form of value that's portable and universally accepted from party to party. Maybe people could still use cash until it wore out? With no new being made, it would all be worn and depleted in a few years of circulation. So even if the cash didn't become instantly worthless, it's life span would be a few years at most. People would have to look elsewhere out of necessity. Might go back to a combination of rare gems, PMs, furs, who knows? Modern day coinage could last for a long time for use on smaller transactions. PMs would have a place. As to how much? Why set a limit? How could anyone's opinion carry any weight not knowing how valuable the PM may or may not be. I think green said, the only limit may be how much you can carry. Probably a fair assessment. There's no reason to think you couldn't trade for or earn more back after a situation arises.[/QUOTE]
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